Centerra Gold Inc. (TSE:CG) – National Bank Financial raised their FY2018 earnings per share estimates for Centerra Gold in a research report issued on Tuesday. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.45 per share for the year, up from their previous estimate of $0.36. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
CG has been the subject of several other research reports. BMO Capital Markets reiterated a “market perform” rating and set a C$8.00 price target on shares of Centerra Gold in a research report on Monday, July 10th. CIBC lifted their price target on shares of Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday, September 7th. TD Securities lifted their price target on shares of Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Scotiabank lowered their price target on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research report on Monday, September 11th. Finally, Royal Bank Of Canada upgraded shares of Centerra Gold from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from C$8.00 to C$10.00 in a research report on Friday, September 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$8.72.
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Centerra Gold (TSE CG) traded down 0.22% during midday trading on Friday, reaching $9.12. 1,135,272 shares of the company traded hands. Centerra Gold has a 12 month low of $5.56 and a 12 month high of $9.35. The firm’s 50 day moving average price is $8.90 and its 200 day moving average price is $7.64. The firm has a market capitalization of $2.66 billion and a price-to-earnings ratio of 11.95.
In related news, Director Gordon Dunlop Reid sold 28,300 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$9.10, for a total transaction of C$257,530.00. Also, insider John William Pearson sold 16,772 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$8.98, for a total transaction of C$150,612.56. In the last 90 days, insiders have sold 90,536 shares of company stock valued at $818,089.
Centerra Gold Company Profile
Centerra Gold Inc is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. The Company’s exploration segment includes the operations of Lagares Project in which the activities are related to its subsidiary, Centerra Gold (KB) Inc Its Kyrgyz segment includes Kumtor Gold Co (KGC) (Kyrgyz Republic), which operates Kumtor Mine.
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